Aldermore comments on CML figures

POSTED: 18th February 2016

IN: Newsroom

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Commenting on the CML lending figures for January, Charles Haresnape, Group Managing Director for Mortgages at Aldermore, said:

“Data released today shows that the overall level of activity in the housing market ended 2015 stronger than when it started, and with gross mortgage lending levels up 21 per cent year on year and the annual arrears rate at its lowest for more than a decade, we expect to see these encouraging trends to continue into 2016.

“A positive aspect to highlight is the broad-based spread of the data, with first-time buyers, movers and remortgage customers all seeing strong year-on-year growth. With the Government’s plans for 400,000 new affordable homes and proposals to streamline planning approvals for developers, we hope to see a rise in construction levels over the coming years that should help to ease the supply pressures currently present in the market, leading to a more sustainable level of property price increases.”